The total cost equation of a firm is given by the equation where TC is total cost… 1 answer below »


Question two: The aggregate absorb equation of a solid is given by the equation where TCis aggregate absorb and Qis the raze of output.

a. What is the solid’s aggregate unroving absorb?

b. What is the equation for the solid’s aggregate wavering absorb (TVC)?

c. What is the equation for the solid’s medium aggregate absorb (ATC)?

d. What is the equation for the solid’s marginal absorb (MC)?